128,918 Shares in Honeywell Aerospace $HONA Acquired by Rockland Trust Co.

Rockland Trust Co. purchased a new position in shares of Honeywell Aerospace (NASDAQ:HONA) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 128,918 shares of the company’s stock, valued at approximately $19,978,000.

Other large investors also recently bought and sold shares of the company. Ironvine Capital Partners LLC purchased a new stake in shares of Honeywell Aerospace during the second quarter valued at $10,452,000. Sequoia Financial Advisors LLC purchased a new position in Honeywell Aerospace in the 2nd quarter worth about $24,175,000. Tidal Investments LLC purchased a new position in Honeywell Aerospace in the 2nd quarter worth about $6,331,000. Werlinich Asset Management LLC bought a new stake in Honeywell Aerospace during the 2nd quarter valued at about $1,478,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Honeywell Aerospace during the 2nd quarter valued at about $3,693,000.

Analyst Ratings Changes

HONA has been the topic of a number of research analyst reports. Wolfe Research started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating on the stock. Royal Bank Of Canada decreased their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. BMO Capital Markets dropped their price objective on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Finally, BNP Paribas Exane reduced their price objective on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $219.29.

Honeywell Aerospace Stock Performance

Shares of NASDAQ HONA traded up $1.23 during midday trading on Monday, reaching $155.85. 783,993 shares of the company’s stock traded hands, compared to its average volume of 3,664,739. The stock has a market cap of $49.40 billion and a P/E ratio of 83.38. The stock’s 50 day moving average is $168.57. Honeywell Aerospace has a one year low of $149.19 and a one year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion during the quarter. Equities analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Honeywell Aerospace Company Profile

Honeywell Aerospace is an aerospace and defense technology company that develops systems and equipment for commercial aircraft, business and general aviation, military platforms, and spacecraft. Its portfolio includes aircraft engines and propulsion systems, auxiliary power units, avionics, flight controls, environmental control systems, electrical power systems, landing systems, communications technology, and aircraft safety products.

The company also provides software, connected-aircraft technologies, maintenance, repair and overhaul services, spare parts, upgrades, and other aftermarket support.